The distribution of income in the United States is skewed so that the mode level of household income is ________ the median household income and the median household income is ________ than the mean household income
A) less than; less than
B) less than; greater than
C) greater than; greater than
D) greater than; less than
A
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Expansionary fiscal policy would involve ________, whereas contractionary fiscal policy would involve ________
A) increasing the money supply; increasing personal income taxes B) increasing corporate income taxes; raising interest rates C) increasing transfer payments; increasing corporate income taxes D) increasing government purchases; increasing transfer payments
If there is a widespread bias against African-American workers, an increase in the collective discrimination coefficients of employers will:
A. reduce the African-American wage rate, increase African-American employment, and lower the actual African-American-white wage ratio. B. reduce the African-American wage rate, decrease African-American employment, and lower the actual African-American-white wage ratio. C. increase the African-American wage rate, increase African-American employment, and increase the actual African-American-white wage ratio. D. increase the African-American wage rate, reduce African-American employment, and increase the actual African-American-white wage ratio.
Liquidity refers to
A. the net worth of the individual in question. B. the amount of indebtedness held against an asset. C. the expected return from an asset. D. the ease with which an asset can be acquired or disposed of without incurring high transaction costs.
The percentage of cost that an insured individual pays while the insurer pays the remainder would be considered:
A. Copayments B. Deductibles C. Play-or-pay D. Fee for service